Penguins Expected To Be Sold To Chicago Investment Firm
PITTSBURGH — A Chicago-based investment company is close to buying the Pittsburgh Penguins from Fenway Sports Group. Multiple outlets, citing anonymous sources, report that the Hoffmann Family of Companies is nearing a deal to buy the Penguins from Fenway Sports Group. Financial details haven’t been released, though Forbes recently valued the team at around $1.7 billion. Any agreement would have to be approved by the NHL’s Board of Governors. The sale would end FSG’s brief ownership of the five-time Stanley Cup winners. FSG purchased the Penguins in late 2021.
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